AGP Executive Report
Last update: 7 hours agoMarkets & Rates: ASX futures edged up as Wall Street hit fresh highs, but oil and Middle East ceasefire jitters kept a lid on risk appetite; locally, the ASX had slipped after CSL’s 16% plunge to a nine-year low, dragging healthcare and wiping about $9bn in value. Budget Watch: Treasurer Jim Chalmers is preparing a 2026/27 tax reset aimed at “resilience and reform”, with bracket creep tackled via the Working Australian Tax Offset, while negative gearing and capital gains tax concessions are still the big political fight. Household Pressure: A new survey says 42% of Aussies have under $1,000 in savings and 77% are stressed, with groceries and rent/mortgage the top worries. Business Mood: NAB data shows confidence stuck in gloom as energy costs squeeze margins and capex. Corporate & Watchdog: ASIC has launched a formal probe into DroneShield’s disclosures and share sales. Regional Moves: Vanuatu’s cabinet approved an updated Nakamal Agreement with Australia, signalling a possible compromise after months of tension.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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